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BTCC / BTCC Square / Global Cryptocurrency /
Canaccord Raises Archer Aviation Price Target to $13, Citing 80% Upside Potential

Canaccord Raises Archer Aviation Price Target to $13, Citing 80% Upside Potential

Author:
Global Cryptocurrency
Published:
2025-11-23 14:53:02
20
2
BTCCSquare news:

Archer Aviation (ACHR) shares surged 4.5% to $7.18 after Canaccord Genuity analyst Austin Moeller lifted his price target to $13 from $12, projecting over 80% upside. The revision follows Archer's unveiling of its MOVE powertrain system, which Moeller views as a tangible revenue stream alongside its core urban air mobility ambitions.

The analyst maintained his Buy rating, noting Archer's strategic pivot to license its battery-electric technology to third parties. A key early adopter is the Omen drone platform—a collaboration between Anduril Industries and UAE's EDGE Group—which has already secured a 50-unit order from the United Arab Emirates.

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